Waaree Energies Ltd.

NSE: WAAREEENER · Capital Goods

₹2,438.00-0.46%06 Nov 2026

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Instant answers about Waaree Energies Ltd. — computed from its filings, no language model

Market cap₹70,129 cr

Current price₹2,438.00

High / Low₹3,503 / ₹2,238

P/E26.6

P/B4.38

Book value₹556.9

ROE16.5%

ROCE26.5%

Debt / equity0.28

Dividend yield0.08%

EPS (TTM)₹91.76

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY26
Revenue	26,537
EBITDA	5,909
Operating margin	22.3%
Interest	280
Depreciation	990
Profit before tax	5,052
Tax	1,168
Net profit	3,711
EPS ₹	129.10
Operating cash flow	1,627
Capex	4,882
Dividend paid	58
Total assets	30,115
Equity	14,437

Quarterly performance

last 8 quarters · ₹ crore

	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	3,574	3,457	4,426	6,066	7,565	8,480	7,932	7,518
Operating profit	525	722	997	1,406	1,928	1,577	1,440	1,335
Operating margin	14.7%	20.9%	22.5%	23.2%	25.5%	18.6%	18.2%	17.8%
Other income	89	88	171	161	196	180	171	147
Interest	31	31	43	96	93	48	70	105
Depreciation	84	89	182	240	267	301	330	347
Profit before tax	499	690	943	1,231	1,469	1,408	1,210	1,030
Tax	123	183	170	353	362	282	319	276
Net profit	362	493	745	843	10	1,061	850	719
EPS ₹	13.75	18.41	25.94	29.33	36.95	36.91	29.56	24.98
Revenue YoY	—	—	—	69.7%	118.8%	—	79.2%	23.9%
Profit YoY	—	—	—	133.0%	-98.1%	—	14.1%	-14.7%

Returns & margins

trailing-twelve-month, per quarter

	MAR '26	JUN '26	SEP '26
ROE	18.4%	19.1%	16.5%
ROCE	31.5%	33.2%	26.5%
Net margin	10.0%	9.2%	8.4%
EBITDA margin	22.3%	21.1%	19.9%
Debt / equity	0.17	0.17	0.28
Interest coverage	19.01	18.29	17.15
Asset turnover	0.88	1.00	0.83

Balance sheet

equity vs borrowings over time · ₹ crore

	SEP '24	SEP '25	MAR '26	SEP '26
Share capital	263	288	288	288
Other equity / reserves	4,583	11,198	14,150	15,732
Total equity	4,846	11,485	14,437	16,020
Borrowings	738	2,390	2,492	4,505
Current liabilities	7,874	10,919	12,708	15,809
Non-current liabilities	1,233	2,003	2,397	4,721
Total assets	14,035	24,625	30,115	37,830
Property, plant & equipment	1,188	5,170	6,047	7,947
Capital work-in-progress	2,510	1,894	3,476	7,578
Investments	114	254	953	2,177
Inventories	2,485	4,709	5,856	6,260
Receivables	1,649	1,310	2,492	2,455
Cash & equivalents	490	557	774	1,086

Cash flow

annual · ₹ crore · line = free cash flow

	FY26
Cash from operations	1,627
Cash from investing	-3,953
Cash from financing	2,573
Capex	4,882
Free cash flow	-3,255
Dividends paid	58

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹7,947 cr21%

CWIP

₹7,578 cr20%

Investments

₹2,177 cr6%

Inventories

₹6,260 cr17%

Receivables

₹2,455 cr6%

Cash & equivalents

₹1,086 cr3%

Other assets

₹10,326 cr27%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
Waaree Energies Ltd.	70,129	2,438.00	26.6	4.38	16.5%

StoxGud checklist: Neutral setup · 4/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+1.5%

6 months-24.4%

1 year-29.9%

3Y CAGR—

5Y CAGR—

10Y CAGR—

50-day avg₹2,463.16

200-day avg₹2,826.90

RSI (14)39

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FAQs

What is the share price of Waaree Energies Ltd.?

Waaree Energies Ltd. (WAAREEENER) closed at ₹2,438.00 on NSE on 06 Nov 2026.

What is the market cap of Waaree Energies Ltd.?

₹70,129 crore at the latest close.

What is the P/E ratio of Waaree Energies Ltd.?

26.6, on trailing-twelve-month earnings from its filings.

How fast is Waaree Energies Ltd. growing?

Waaree Energies Ltd.: Latest-quarter revenue is up 23.9% year on year, profit down 14.7%.

How profitable is Waaree Energies Ltd.?

On a trailing-twelve-month basis return on equity is 16.5%, return on capital employed 26.5%, operating margin 19.9%, net margin 8.4%.

How much debt does Waaree Energies Ltd. have?

Waaree Energies Ltd. is lightly geared: debt to equity is 0.28 with borrowings of ₹4,505 cr against cash of ₹1,086 cr (balance sheet of 2026-09-30). Operating profit covers interest 17.2 times.

Financials parsed from Waaree Energies Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '24, annual from FY26, balance sheet from Sep '24. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.